MyECheck, Inc. (fka MYEC)

[windansea]

B RY: Can you please explain why ACH does NOT charge me or my stock broker when I transfer $5000 out of my checking account into my brokerage account? I can understand the rationale of there being a % charge to merchants for credit card purchases, but have a hard time understanding this for ordinary checks. When one of my apartment tenants writes me a $900 to pay his rent, $900 is deducted from his checking account and I get the full $900 deposited to mine. These numbers being tossed around concerning the potential income to MYEC for processing up to 1000 transactions per second are beyond my comprehension. Long and strong here, but kind of bewildered.